QIBs will have to pay 100% for IPO application: Sebi

Nifty BSE | NSE 28/05/12 Are Mutual Funds betting on Nifty?

As per a recent Sebi decision, Qualified Institutional Buyers (QIBs) will have to pay up 100% for application of primary issuances as against the current 10%. The decision was taken in order to bring parity between institutional and retail investors.

Speaking after a meeting, Sebi chairman CV Bhave said employees whose accounts are consolidated with companies coming out with primary offer will be eligible for a quota.

Sebi will also look at the option of introducing volatility index in the derivative segment of the market, Bhave said.